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Stock Market & Financial Investment News

News Breaks
June 5, 2014
09:06 EDTSNN, MDTMedtronic unlikely to bid for Smith & Nephew, says Wells Fargo
After speaking with Medtronic's (MDT) management, Wells Fargo does not expect the company to bid for Smith & Nephew (SNN). The firm says that Medtronic stated that it was looking for deals based on strategic fit, not financial reasons such as a tax, and the U.K. has not yet asked Medtronic to issue a statement on Smith & Nephew, Wells noted. Additionally, Medtronic stated that it will only enter a new market if it feels it can be a top player, and Smith & Nephew's hip and knee business doesn't;t meet that criteria, Wells wrote.
News For MDT;SNN From The Last 14 Days
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July 22, 2015
10:15 EDTMDTThoratec downgraded to Market Perform from Outperform at Northland
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